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theonewhowaskazu (OP)
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March 06, 2014, 02:37:40 AM |
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For anybody who needed a reminder, here's how it worked.
Bitcoin would be about $100 - $110.
Every once and a while, it would break above $110 and people would be all happy. It'd get to $125 - $130 and one point to even $170 and then would crash down shortly afterward.
And, sometimes, it'd break down below $100 and everybody would claim Bitcoin is dying all over again. But then it'd get down to the high $80s and people would quickly buy it up agian back above $100.
I feel like we're in that kind of mode again.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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TERA
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March 06, 2014, 02:40:12 AM |
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$666 is the new $100.
One bitcoin = one benjamin one beast
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Chucky1976
Newbie
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Activity: 14
Merit: 0
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March 06, 2014, 02:43:29 AM |
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Upwards is better than downwards!!
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podyx
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March 06, 2014, 02:46:44 AM |
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i really agree i've been stepping away a bit from the crypto scene because nothing happens and its boring now(still HODLING ofc) i did this last summer to and it really feels similar i think we might be in for a rally in a couple months  |
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spiderbrain
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Activity: 889
Merit: 1013
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March 06, 2014, 02:51:38 AM |
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totally.
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vehementchrome
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March 06, 2014, 03:34:08 AM |
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Does seem like it should be due to rise..
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nimda
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March 06, 2014, 03:35:49 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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March 06, 2014, 03:37:13 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
It helps to grow bitcoins if your investing with a stable rate as well seen stocks drop on significant volatility and rise  Tends to be drops though since the value trends up |
Believing in Bitcoins and it's ability to change the world
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mccorvic
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March 06, 2014, 03:42:50 AM |
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I don't disagree. Just that chill calm before the storm.
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TERA
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March 06, 2014, 04:08:58 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
were at July, not may (we hope). may preceded the crash to 66 |
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theonewhowaskazu (OP)
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March 06, 2014, 04:19:15 AM |
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Apr/May/Jun/July (blue) vs Nov/Dec/Jan/Fev (red) on a log chart...  Yeah this is a pretty neat comparison. Its not exact, but if it were exact, it would be damn werd  |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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March 06, 2014, 04:41:03 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
were at July, not may (we hope). may preceded the crash to 66 Bitcoin was nowhere near $66 in May 2012. |
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TERA
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March 06, 2014, 04:56:15 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
were at July, not may (we hope). may preceded the crash to 66 Bitcoin was nowhere near $66 in May 2012. "preceded" |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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March 06, 2014, 04:59:14 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
were at July, not may (we hope). may preceded the crash to 66 Bitcoin was nowhere near $66 in May 2012. "preceded" My bad. I still don't understand your statement. |
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TERA
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March 06, 2014, 05:06:32 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
were at July, not may (we hope). may preceded the crash to 66 Bitcoin was nowhere near $66 in May 2012. "preceded" My bad. I still don't understand your statement. May had a period of "stability" before a crash in June. July had a period of "stability" before a rally in August. Which would you rather be in? |
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theonewhowaskazu (OP)
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March 06, 2014, 06:39:05 AM |
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I wouldn't mind some May 2012-like stability. It's nice to not need to check the price every day in order to have a good estimate of how many bitcoins something is worth.
were at July, not may (we hope). may preceded the crash to 66 Bitcoin was nowhere near $66 in May 2012. "preceded" My bad. I still don't understand your statement. May had a period of "stability" before a crash in June. July had a period of "stability" before a rally in August. Which would you rather be in? Does it ultimately matter? In 1 month June becomes July. If we see a crash then 1 month till more stability followed by a rally. So who gives a shit. |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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March 06, 2014, 10:21:08 AM |
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It feels like the 100$ - 110$ days of May 2013. Went up to 135$ before dropping to 65$.
But that was different, MtGox was still the dominant exchange, and the fiat withdrawal issue
led to a weaker downtrend than 'normal'. When (and if, I know...) Bitstamp will see close to
100k BTC on the ask side, while the bid side will drop to 5M$, things are going to get ugly.
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Sometimes, if it looks too bullish, it's actually bearish
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Lamalicious
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Merit: 10
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March 06, 2014, 10:29:52 AM |
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Stability would've been a good sign for BTC in my opinion. I thought that Bitcoin will fall to the underground with MtGox's bankruptcy but it didn't have almost any affect on it. Bitcoin is proving that it's a well supported currency that will live no matter what.
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MatTheCat
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March 06, 2014, 10:53:18 AM |
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For anybody who needed a reminder, here's how it worked.
Bitcoin would be about $100 - $110.
Every once and a while, it would break above $110 and people would be all happy. It'd get to $125 - $130 and one point to even $170 and then would crash down shortly afterward.
And, sometimes, it'd break down below $100 and everybody would claim Bitcoin is dying all over again. But then it'd get down to the high $80s and people would quickly buy it up agian back above $100.
I feel like we're in that kind of mode again.
Was it only exchange bots that were buying and selling in those days also? Not a real trade in sight on Stamp at the moment. Dont say that there is, cos their isn't. |
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